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I just inherited...
radio
#11 Posted : Friday, July 29, 2011 3:02:05 PM
Rank: Veteran

Joined: 11/9/2009
Posts: 2,003
bartum wrote:
marry him, then i will assist you on what to do.


Marry who? Shame on you Shame on you

@xtina, I understand your excitement but relax and take your time to absorb the blessing! As you been told, there is NO an expiry date for the land! In the meantime continue your saving.

Ask yourself, why you old man held on this piece of land all this time!
mkonomtupu
#12 Posted : Friday, July 29, 2011 3:02:07 PM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
whatever you do don't sell the land, there is much easier process of creating lesser rights it's called leasing-you allow someone else to use the land but you retain the title, you can lease it to farmers to grow crops but you will need lawyers to register the leases.

I'm not a fun of property it's a lazy investment i've always maintained it less than 35% of total portfolio everything is leased out

By the way most people who inherit waste away the assets- easy come, easy go, nature's way of creating equilibrium
Ndaragwa
#13 Posted : Friday, July 29, 2011 3:19:06 PM
Rank: Member

Joined: 3/12/2011
Posts: 108
Xtina is seems your overall financial worth has changed exponentially to the extent that you are overwhelmed and unsure what to do. Its normal. Perhaps you should consider hiring/consulting an investment manager for the purpose of getting expert advice. Pay the experts, they have worked with people in similar situation like you. Seek a second opinion from another expert - allows you to minimize loss/maximize opportunities. But its important you take time, say six months or more to calm down before you undertake any investments.
Barrywhite
#14 Posted : Friday, July 29, 2011 3:40:01 PM
Rank: Member

Joined: 12/2/2009
Posts: 286
Location: Nairobi

I agree with @ Ndaragwa totally. But of all things, dont give to the church because the pastor asked. You should have given earlier if you felt compelled to give.
The laudable is more often than not rendered laughable by overclaim
lovely2010
#15 Posted : Friday, July 29, 2011 3:40:21 PM
Rank: Member

Joined: 10/25/2010
Posts: 519
Location: nairobi
Ndaragwa wrote:
Xtina is seems your overall financial worth has changed exponentially to the extent that you are overwhelmed and unsure what to do. Its normal. Perhaps you should consider hiring/consulting an investment manager for the purpose of getting expert advice. Pay the experts, they have worked with people in similar situation like you. Seek a second opinion from another expert - allows you to minimize loss/maximize opportunities. But its important you take time, say six months or more to calm down before you undertake any investments.


I PAY SOMEONE TO THINK FOR ME? THOSE CONSULTANTS CAN REALLY MESS U UP. ILL RATHER USE WAZUA. JUST RELAX AND GIVE YOURSELF TIME, SOMETHING WILL COME UP. HAKUNA HARAKA.
KenyanLyrics
#16 Posted : Friday, July 29, 2011 3:41:30 PM
Rank: Veteran

Joined: 4/16/2010
Posts: 906
Location: Nairobi
As long as it doesn't get finished in the blink of an eye, you will have done well. I've seen others drink their inheritance away in months!
sky5
#17 Posted : Friday, July 29, 2011 3:57:00 PM
Rank: Member

Joined: 5/7/2010
Posts: 282
Location: Nairobi
You need to relax and cool down. Do not rush to decide. First get all the documents you need as the legal owner of your portion.

Do not sell the land unless there is good reason/need to sell. If you can manage farming, go for it. long-lasting wealth is better created using natural sources (land,water, air etc.).
mukiha
#18 Posted : Friday, July 29, 2011 4:04:19 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
@Xtina; Welcome back! We have missed you! I notice that the last time you posted something was exactly a year ago: 28th July 2010. Is this by coincidence or by design?
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Mainat
#19 Posted : Friday, July 29, 2011 4:56:26 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Kikuyus have a saying “mwana mwega ari aciari aingi”. The saying has many meanings, but the one most relevant to you is that good tidings attract a lot of hanger-ons. I am happy to hear of your good tidings. Lakini, beware, you are at you greatest peril when you are at the highest level.
As others have advised, if you haven’t already done so, go underground until you have two pieces of paper. Two title deeds with your name and id showing that you own two parcels of land. If your father is still alive, this process will be a piece of cake. If otherwise, you need a good honest lawyer, but you must learn about the process independently because it tends to be somewhat convoluted and long.
After you own them, what to do with the land which is Kenya’s only natural resource? How about developing property for your children? If you know anything about farming, do some farming. If you don’t and want to develop the plot near the town, go and see if a bank can give a loan securitised on the other plot to enable you to develop the one near town.
All the best
Sehemu ndio nyumba
youcan'tstopusnow
#20 Posted : Friday, July 29, 2011 5:33:49 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Wachana na huyo 'church leader'
GOD BLESS YOUR LIFE
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